Ziploop mcommerce app announced a $2.2 million seed round with Foundation Capital, Bill Elmore, JBM Ventures Partner, James B. Morris, Managing Partner at Greenback Ventures, James Peters, Managing Director at Texas Pacific Group, Ted Breck, Founder and former CEO at Barra, Andrew Rudd, General Partner at Inman Investment Management, Grant Inman, and General Partner at Canaan Partners, John Balen. Ziploop not only makes the life of the consumer easier, but also helps retailers analyze and better serve their customers. Ziploop allows retailers to rapidly engage with their users on seasonal offerings, while also saving on printing and postage costs.
Erste Group Card Processor (EGCP) recently licensed FASTest, the popular function/regression testing solution from Paragon Application Systems, to speed and simplify their migration from their legacy switch to BPC’s SmartVista. EGCP required a solution that would simulate and test all of the endpoints of their transaction processing for complete function and regression testing during the migration process. Paragon provided FASTest for the following financial message formats: Visa, MasterCard, SPDH, HISO 87, HISO 93, ATM and BIC ISO. To increase productivity, EGCP schedules tests to run unattended and receives a report with the results. Using the “Compare” feature in FASTest, EGCP can run tests and compare recent test results to previous test results to confirm the reliability of their system.
Indra’s NetPlus payment platform has obtained the maximum security qualification awarded by the PCI SSC for its card payment services in “the cloud” to make it easier for clients of the multinational consulting and technology firm to outsource business processes that involve credit or debit card storage or processing. It will also facilitate the maintenance of card processing rights and avoid demanding infrastructure and information system audits and the payment of fines derived from fraudulent credit card use. This initiative has also provided Indra and its data processing center in San Fernando de Henares with all the security and operational knowledge and methodology required for this certification, both as regards its infrastructure and its services and processes.NetPlus processes over 200 million operations per year totaling 14 billion euros. It accepts all types of payment methods through a wide range of channels, integrating the information with the source systems, centralizing all payments, and managing all the associated operations.
The CashlessWay’s directive approved the membership of Edenred Italia, Bassilichi and payleven as associates and ABI (Italian Banking Association) as honorary member. CashlessWay has now 7 important associates, the new ones are adding to the previous: TAS, Unione Nazionale Consumatori (Consumers National Union) and Roma Capitale Investment Foundation. CashlessWay Association, Global Hub for ePayment Culture, was born in November 2013 and aims at promoting the epayment and stimulating a more responsible use of cash. Even before its official birth CashlessWay was active in the business with the No Cash Day, with the patronage of Italian Government and Ministry of Economic Development, Waroncash.org the first Italian news website about epayment and many other activities as the #Nocashtrip, a travel without cash.
American Express signed an agreement to create a JV for its Global Business Travel division. American Express will share ownership of the JV with an investor group led by Certares, by which American Express will separate its GBT operations into a dedicated holding structure, which will include certain assets and liabilities that currently comprise GBT,…
Fiserv, Inc.today announced that TD Bank has expanded its online money movement options through the addition of the Popmoney personal payment service* and TransferNow online funds transfer service. TD Bank online banking customers now have more ways to easily and securely send, receive and transfer money directly from their bank accounts. Popmoney enables customers to send money to almost anyone they know or owe using the recipient’s name and email address or mobile phone number, eliminating the hassles of cash or checks.
GE announced that it has filed a registration statement with the Securities and Exchange Commission for the initial public offering (IPO) of its North American Retail Finance business. As previously announced, the IPO is the first step in a planned staged exit from that business. GE currently expects to complete the IPO later in 2014. After completion of the IPO, GE Capital Retail Finance will operate under its new name, “Synchrony Financial,” and the registration statement has been filed under that name.
American Express Company today announced that it has signed an agreement to create a joint venture for its Global Business Travel division (“GBT”). Under the agreement, American Express will share ownership of the joint venture with an investor group led by Certares. In the proposed transaction, American Express will separate its GBT operations into a dedicated holding structure, which will include certain assets and liabilities that currently comprise GBT, and will have a 50% ownership stake in the joint venture following the closing. In exchange for an investment of $900 million in the joint venture, the investor group will hold the remaining 50%. American Express initially announced its intention to pursue this joint venture transaction in September 2013.
U.S. Bank is extending its award-winning FlexPerks® Travel Rewards program into the business-to-business space with the launch of FlexPerks Corporate Rewards for commercial card programs. The rewards program will be offered as an optional add-on for U.S. Bank’s most popular commercial cards: the U.S. Bank Corporate Travel Card, the U.S. Bank Executive and Executive Platinum Cards, and the U.S. Bank One Card. FlexPerks Corporate Rewards offers organizations and their employees a new way to benefit from spending on cards. Flex points can be pooled at the corporate level to be redeemed at the organization’s discretion, or employees can be enabled to earn the points.
Fiserv, Inc. just announced an agreement to make Visa’s common debit EMV solution available for the Accel(TM) debit network. Under the agreement, Fiserv will adopt Visa’s common debit solution offering issuers, acquirers and merchants a simple, streamlined approach for debit EMV adoption. The agreement will help enable the development of regulation-compliant debit EMV solutions using a common Application Identifier (AID).
ZNAP™ announced today that the New York Sound City conference and music festival on March 17th in Williamsburg, Brooklyn will be the first U.S. event to feature ZNAP™’s NFC (near field communication) payment technology. During the event, ZNAP™ will unveil its NFC features to attendees, who will be the first consumers to test its tap-and-pay capabilities. In addition to facilitating mobile transactions, the ZNAP™ app enables consumers to manage loyalty points, rewards programs, coupons and special offers using their mobile devices. Promoters can activate capabilities designed specifically for festivals and live events.
It is with a collective heavy heart that US Dataworks, Inc. today announced the passing of its long-time Chairman and CEO, Charles E. Ramey, who died yesterday morning after suffering a severe heart attack from which he was unable to recover. The Company also announced that its Board of Directors has appointed John Penrod as its interim Chief Executive Officer. Mr. Penrod will continue in his role as the Company’s VP of Operations in addition to his new CEO duties. Joseph Saporito, an outside director of the Company, will take over the Chairman role with the Board seat left vacant by Mr. Ramey’s death to remain unfilled for the time being.